The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on May 13, 2026 for Zenrock Chemicals Pvt Ltd
INDOBORAX · price
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Zenrock Chemicals Pvt Ltd, the promoter of Indo Borax & Chemicals Ltd, has created a pledge over 24,44,576 equity shares (7.62% of total share capital) on May 12, 2026. The shares were pledged to secure debt availed by Zenrock Chemicals. Prior to encumbrance, the promoter held 1,23,276,764 shares (38.30%). After the creation of the pledge, the promoter's effective unencumbered holding stands at 98,82,230 shares (30.80%), representing a reduction of approximately 7.62 percentage points. Lenders named include India Special Assets Fund I, ISF III Offshore Fund, and Special Situation India.
The pledge reduces the promoter's free (unencumbered) holding from 38.30% to 30.80%, which may be viewed cautiously by investors as it signals debt-backed leverage by the promoter entity. However, total promoter holding including encumbered shares remains at 38.41%.